Crude oil market analysis:
Recently, crude oil has been running up. Yesterday, the daily line had a technical retracement under the pressure of 65.00. Today, we are still bearish. Let's continue to sell when it rebounds. There is still a lot of room for crude oil to fall. Today's crude oil rebounded near 64.00 and sold. If it breaks below 60.00, it will open up a new space for a big drop. The recent data and fundamentals of crude oil are suppressing it. Buy today and expect a big rebound.
Operational suggestions:
Crude oil---sell near 64.00, target 63.00-62.00
Recently, crude oil has been running up. Yesterday, the daily line had a technical retracement under the pressure of 65.00. Today, we are still bearish. Let's continue to sell when it rebounds. There is still a lot of room for crude oil to fall. Today's crude oil rebounded near 64.00 and sold. If it breaks below 60.00, it will open up a new space for a big drop. The recent data and fundamentals of crude oil are suppressing it. Buy today and expect a big rebound.
Operational suggestions:
Crude oil---sell near 64.00, target 63.00-62.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.